Senior Manager, Global Cash Management

Columbus McKinnon Corporation • Charlotte, NC

1d

About The Position

The Senior Manager, Global Cash Management oversees and executes the daily treasury operations activities as part of the global treasury team at Columbus McKinnon (CMCO). This leader will oversee cash management processes, liquidity forecasting and analyses, the implementation of a treasury management system and notional cash pool, as well as integration of Kito Crosby’s cash management activities. They also will be responsible for developing and implementing treasury policies, solutions and management reporting with the objective of achieving consistent execution of treasury processes, efficiency of cash utilization and improved controls. This position will play an important role in optimizing access to capital to finance the company’s growth trajectory and strategic objectives. This role will lead a team of three treasury analysts and report to the VP, Investor Relations and Treasurer.

Requirements

• Bachelor's degree (B. S.) in Finance, Accounting or a business-related subject; MBA preferred.
• 6+ years’ experience in a treasury role.
• Familiarity with Treasury Management System (TMS) automation capabilities and integration with ERP platforms (e.g., SAP, Oracle) to reduce manual workflows.
• 20%+ Travel in Columbus McKinnon’s domestic and international footprint.

Nice To Haves

• CTP certification a plus.

Responsibilities

• Oversee global daily cash management and banking for US and International businesses to support operational and capital needs as well as optimize excess cash flow.
• Manage global 13-week rolling cash flow forecast to ensure accurate liquidity planning.
• Liquidity management to ensure funding for ongoing business needs, minimize interest expense and facilitate effective repatriation of funds, adhering to legal and regulatory requirements.
• Maintain bank relationships, taking a leadership role in bank integration, assigning signatories, user management, and optimize fees.
• Lead the strategy and process for implementation of Kyriba, the company’s selected treasury management system.
• Lead the strategy and process for implementation of Apex, the company’s selected vendor management system in partnership with the Supply Chain Management team.
• Oversee global implementation of the company’s multi-entity notional pooling structure and strategy and maintain related governance and regulatory requirements.
• Partner with tax and local leaders to rationalize the company’s bank account structure to minimize costs and drive cash repatriation efficiencies.
• Integrate repatriation and cash management processes and procedures for the recent acquisition of Kito Crosby to align with Columbus’ McKinnon’s standards.
• Deliver management reporting regarding our liquidity, financing and auditing processes.
• Review and co-ordinate bank reconciliations and pursue all reconciling items to ensure they are cleared promptly.
• Ensure documentation and accounting recording for appropriate cash transactions and related activity.
• Initiate and manage all global intercompany loans. Ensure that interest is paid in accordance with loan agreements and fund repayments, where applicable.
• Support the business through the issuance and administration of the Travel & Entertainment and P-Card Program(s).
• Oversee and administer several Treasury Policies, including the Investment Policy and T&E Policy, for example.
• Develop treasury reporting dashboards appropriate for various stakeholders and track KPIs.
• Perform other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager